Why Triterras Stock Popped This Morning

Evan Niu, CFA, The Motley Fool
·2-min read
Why Triterras Stock Popped This Morning

As of 1 p.m. EST, the stock had given up much of those gains and was up just 3%. Short seller Phase 2 Partners released a report a few days ago alleging that 75% of transactions on Triterras's blockchain-based trading platform Kratos are connected to company executives. Phase 2 Partners says it arrived at this conclusion after mining Ethereum data, and believes that only 6% of clients traded on the platform in November and December after a related company -- Rhodium -- fell into financial distress.